Determining total amount of medical expense deductions, Taxation

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Determining total amount of medical expense deductions

Response to the following :

1. Physical Exams

If an employee pays for a periodic medical checkup required by an employer, can the amount paid be deducted, and if so, is there any limitation? Explain.

2. Medical Deduction

Tracey suffers from severe arthritis. His doctor has prescribed that he install a hot tub at his home to help relieve the pain. Tracey pays $7,500 to have a hot tub installed. The hot tub is expected to increase the value of his home by $3,000. What amount, if any, can Tracey deduct as a medical expense on his tax return?

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Taxation: Determining total amount of medical expense deductions

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Taxation: Determining total amount of medical expense deductions

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